McEwen, Canadian Gold announce closing of plan of arrangement
NYSE- and TSX-listed McEwen and TSX-V-listed Canadian Gold Corp have completed a previously announced business combination between the two by way of statutory plan of arrangement.
Shareholders of Canadian Gold approved the arrangement on December 5, 2025, and a final order approving this was issued by the British Columbia Supreme Court on December 10, 2025, as amended by a further order of the British Columbia Supreme Court according to the amending agreement.
Under the terms of the arrangement agreement, which was negotiated at arms-length, each holder of the common shares of Canadian Gold will receive 0.0225 McEwen common shares for each Canadian Gold share held.
The shares of Canadian Gold are expected to be delisted from the TSX-V as of the close of market on January 7.
“On behalf of our board of directors and our management, I welcome Canadian Gold shareholders to McEwen. This is an exciting time for gold investors and we see strong exploration and development potential of Tartan, which we believe will significantly contribute to shareholder value,” says McEwen chairperson and chief owner Rob McEwen.
Canadian Gold’s primary asset is its 100% interest in the Tartan mine, a high-grade former gold producer in Manitoba with established infrastructure and near-term restart potential.
“Our immediate priorities are to accelerate and expand the scope of exploration, initiate mine plan engineering and advance production permitting to enable us to timely restart the mine. We also expect to publish an updated resource estimate by the end of February,” McEwen informs.
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